Friday, November 08, 2013

Do Twitter's investment bankers believe that the stock is headed down towards $30?

From Bloomberg:
Twitter's management and its bankers are happy with the IPO's outcome, according to a person with direct knowledge of their thinking. While they're not surprised the stock gained so much, because of the overhang in demand, they expect it to drop toward $30 a share during the next three weeks, this person said.
Hey, everybody has their right to an opinion. Besides, if they are right, I'll be there to buy more at a cheaper price, as I did with Facebook.
-- Jack Krupansky


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